Xinhua News Agency, Beijing, February 21 (Reporter Wang Lu, intern Sun Qiyuan) "Economic Information Daily" published an article on February 21 "New Year Economic Scan丨 Expansion of Investment in Many Places, Major Projects Set off a Wave of Construction". According to the article, at the beginning of the Spring Festival of the Year of the Dragon, many places across the country have actively deployed and expanded effective investment, and have shown a list of major projects in 2024. Policy support has been strengthened to improve efficiency, and a number of large-scale, well-structured, and dynamic projects have been started in a centralized manner, striving for a "good start" to the economy throughout the year.
On February 18, the total investment was 30The 300 million yuan Qingdao SCO Hub Port New City Infrastructure and Supporting Engineering (Phase I) project started, and the on-site machinery roared, a busy scene.
Through the construction of 6 roads and supporting projects in the park, the project will further enhance the comprehensive service function of the park, build the coordinated development of the transportation economic circle, and help the SCO International Hub Port become an important window for international exchanges and exhibitions in the SCO Demonstration Zone. Ma Fang, deputy general manager of China Railway Construction, said.
According to the data, as of February 19, China Railway Construction has 436 projects under construction, overseas projects will not stop during the Spring Festival, more than 60% of domestic projects have completed the resumption of work and production, and labor workers have returned to the site for more than 130,000 people.
Just after the Spring Festival holiday, all localities have set off a wave of construction: in Jiangxi, 1,139 major projects in the first quarter were started, with a total investment of 680.5 billion yuan; In Zhejiang, 333 "thousands of trillions" major projects have been started, put into operation and put into operation, with a total investment of 977 billion yuan; In Guangdong, Foshan and other places, the construction ...... of the Spring Festival centralized construction project has been launched
Major projects are the "ballast stone" of economic development and an important starting point for expanding profitable investment.
The 2023 ** Economic Work Conference pointed out in the deployment of this year's economic work that "expand profitable investment". "Expanding effective investment is not only an important way to expand domestic demand, but also an inherent requirement to promote high-quality economic development and the transformation of economic growth momentum. On the one hand, it is necessary to further give full play to the leading role of investment, do a good job in major infrastructure construction, and strengthen investment in scientific and technological innovation, industrial upgrading, and people's livelihood; On the other hand, it is necessary to pay more attention to stimulating the vitality of private investment and enhancing the confidence of private capital. Fan Ruoying, a researcher at the Bank of China Research Institute, said.
Looking at the list of effective investment policies and major projects to expand in 2024 recently announced by many places, the key words are large scale, excellent structure and increased vitality.
The number of projects is large and the investment amount is large - Guangdong Province has arranged 1,508 provincial key construction projects, with an annual planned investment of 1 trillion yuan; The list of key projects in Chongqing is preliminarily included in about 1,200 projects, with a total planned investment of about 29 trillion yuan, with an annual planned investment of more than 450 billion yuan; Jiangsu province has implemented 600 major industrial projects, the number of projects increased by 100 over the previous year, with a total planned investment of 1,549.8 billion yuan and an annual planned investment of 3,696800 million yuan, an increase over the previous year0%。
The industry is more "new", and the people's livelihood is "warmer" - Shanghai plans to arrange 191 formal projects for major projects, of which the science and technology industry is the most, reaching 76; Among the 600 provincial major industrial projects in Jiangsu Province, strategic emerging industry projects accounted for 695%, and future industrial projects such as third-generation semiconductors, hydrogen energy, new energy storage, cutting-edge new materials, and future network communications accounted for 128%；There are a total of 24 projects in the top ten key livelihood projects in Hunan Province, with an estimated total investment of 53.6 billion yuan, an increase of 2.1 billion yuan compared with 2023.
Supporting efforts to improve efficiency and stimulate private investment - focusing on the continuous expansion of effective investment, Anhui Province's "Several Policy Measures on Consolidating and Enhancing the Positive Trend of Economic Recovery" proposes to strengthen the guarantee of factor allocation and stimulate the vitality of private investment. The "2024 Zhejiang Province Expansion and Effective Investment Policy" proposes to formulate and implement the implementation rules of the new mechanism of Zhejiang Province ** and social capital cooperation. Ensure that the growth rate of private investment in the province in 2024 and the proportion of private investment in fixed asset investment will increase compared with 2023. Among the 333 "thousands and trillions" major projects started in Zhejiang Province, the number of industrial projects with private enterprises as the main investment body accounted for nearly half, hitting a new high.
Industry insiders pointed out that the layout of major projects and the centralized start of construction have conveyed the signal of accelerating investment expansion, which is conducive to boosting confidence and expectations, and better playing the key role of effective investment.
Wang Qing, chief macro analyst of Oriental Jincheng, said that in 2024, the policy emphasizes the need to continue to "increase macroeconomic regulation and control", and the growth rate of fixed asset investment is likely to accelerate slightly compared with the previous year, showing the characteristics of "steady progress" as a whole. Among them, infrastructure investment is expected to continue to maintain a rapid growth level, and the growth rate of manufacturing investment will also tend to accelerate.
Since the beginning of this year, the proactive fiscal policy has been further strengthened. With the completion of the 1 trillion yuan additional issuance of treasury bonds in 2023, the issuance of new special bonds in various localities has also been started and continued. Fan Ruoying expects that the pace of follow-up special bond issuance will accelerate, showing a trend of slow and fast, and the scale of new special bonds this year will most likely be higher than last year. (ENDS).